New York AG Moves to Toss NRA Bankruptcy
Democrat AG Letitia James looks to seize NRA assets
New York attorney general Letitia James / Getty Images Stephen Gutowski • February 19, 2021 3:45 pm
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New York attorney general Letitia James (D.) asked a federal bankruptcy judge to dismiss the NRA's case in a bid to prevent the gun-rights group from relocating to Texas.
James said the gun group is acting in "bad faith" and using bankruptcy mainly to avoid prosecution over accusations the group's leaders, including CEO Wayne LaPierre, inappropriately spent tens of millions of dollars of NRA money on personal expenses.
"The National Rifle Association of America, Inc. (‘NRA') seeks bankruptcy protection while claiming to be solvent and ‘in its strongest financial condition in years,'" James's office said in a Feb. 12 filing, which was made public this week. "It invokes the jurisdiction of this court while publicly proclaiming that it filed its petition because it is ‘dumping New York,' ‘utilizing the protection of the bankruptcy court,' and ‘organizing its legal and regulatory matters in an efficient forum,' essentially fleeing or seeking an end run around a pending regulatory enforcement action in New York."